OSB Group (LON:OSB) Insider Andy Golding Sells 55,646 Shares of Stock

OSB Group Plc (LON:OSB) insider Andy Golding sold 55,646 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of GBX 566, for a total value of £314,956.36.

Andy Golding also recently made the following trade(s):

• On Tuesday, March 10th, Andy Golding sold 343,485 shares of OSB Group stock. The stock was sold at an average price of GBX 582, for a total value of £1,999,082.70.
• On Wednesday, March 11th, Andy Golding sold 74,699 shares of OSB Group stock. The stock was sold at an average price of GBX 574, for a total value of £428,772.26.
• On Thursday, March 12th, Andy Golding sold 44,354 shares of OSB Group stock. The shares were sold at an average price of GBX 569, for a total value of £252,374.26.

OSB Group Stock Down 1.1%

LON:OSB opened at GBX 564 on Tuesday. OSB Group Plc has a 1-year low of GBX 360.60 and a 1-year high of GBX 647.50. The firm has a market capitalization of £1.99 billion, a price-to-earnings ratio of 8.20 and a beta of 1.07. The stock has a fifty day simple moving average of GBX 606.23 and a 200 day simple moving average of GBX 579.95.

OSB Group (LON:OSB) last posted its quarterly earnings data on Thursday, March 5th. The company reported GBX 75.60 earnings per share (EPS) for the quarter. OSB Group had a return on equity of 13.26% and a net margin of 22.29%. Equities analysts predict that OSB Group Plc will post 85.1214128 earnings per share for the current year.

OSB Group declared that its board has approved a share repurchase program on Thursday, March 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OSB. Deutsche Bank Aktiengesellschaft lowered OSB Group to a “hold” rating and increased their target price for the company from GBX 650 to GBX 660 in a report on Friday, January 23rd. Shore Capital Group reissued a “buy” rating on shares of OSB Group in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 631.

OSB Group Company Profile

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services. The company also provides buy-to-let and specialist residential mortgages, mortgage servicing, administration and analytical, mortgage originator and servicer, and retail savings products; and back office processing services.